Minister of Petroleum and Mineral Resources Tariq al-Mulla said that Egypt has many opportunities to support the growth of gas production in the near and medium-terms, in light of planned development projects, especially in the Mediterranean Sea. He added that 16 projects with a total investment estimated at over $25 billion are being planned to be implemented in the Mediterranean over the coming four years. Egypt continues to work on increasing Zohr gas production until it reaches its peak production of 7.2 billion cubic feet per day. He expected Egypt will achieve self-sufficiency in gas production by the end of 2018, and will stop importing liquefied gas. The ministry also plans to start the development of other natural gas fields in the Mediterranean, such as Salamat, Hedwa, and others, over the next few years to support gas production, Mulla said.

Source: Egypt Independent April 06, 2018 11:48 UTC